AD Capital-owned Spring REIT to raise $229m in HK IPO
Spring REIT, a real estate investment trust owned by AD Capital, is looking to raise up to $229 million through a Hong Kong IPO. The REIT owns two office buildings in Beijing's China Central Place.
According to the prospectus, a total of 439.5 million share units will be made available under the offering, at HK$3.81-4.04 apiece. Of these, 341.5 million share units are being sold by AD Capital's RCA...
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